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SOURCE OF INFORMATION : SECURITIES AND EXCHANGE BOARD OF INDIA WEBSITE – CONSENT ORDERS/ PRESS RELEASES/ CHAIRMAN’S AND MEMBER’S ORDERS / AO ORDERS/ SAT ORDERS
PERIOD COVERED : 30-OCT-2007 TO 13-JUL-2024

NAMES IN BROWN COLOUR
Names of entities/persons in brown colour denote that the regulatory order is not against them but their names have been mentioned only for association purposes.

STOCK BROKERS: EVADED CARRY FORWARD MARGIN/MARGIN MONEY

S.No. ENTITY PERSONS REGULATORY CHARGES REGULATORY ACTION(S) / DATE OF ORDER FURTHER DEVELOPMENTS
1 
History of entity/person GSB CAPITAL MARKETS LTD.  

(Member : BSE)
  ALLEGED NON-SEGREGATION OF CLIENTS ACCOUNT

ALLEGED EVASION OF MARGIN BY UNDER REPORTING OF CARRY FORWARD POSITION  		REACHED SETTLEMENT (SETTLEMENT CHARGES RS.1,00,000 VIDE CONSENT ORDER)

31-DEC-2008
2 
History of entity/person KEDAR NATH AGRAWAL,M/S  

(Member : NSE)
History of entity/person KEDAR NATH AGRAWAL
  		DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS

INDULGED IN EVASION OF MARGIN MONEY

DID NOT REPORT SPOT TRANSACTIONS TO THE EXCHANGE

PERMITTED TRADING TERMINALS AT UNAUTHORISED LOCATIONS

ALLOWED TERMINAL TO UNAUTHORISED USERS

DID NOT FRAME CODE OF INTERNAL PROCEDURES AND CONDUCT FOR PREVENTION OF INSIDER TRADING  		SUSPENDED REGISTRATION AS STOCK BROKER FROM 08-DEC-2009 TO 27-DEC-2009

18-NOV-2009

REACHED SETTLEMENT (SETTLEMENT CHARGES RS.32,00,000, LEGAL EXPENSES RS.1,50,000 VIDE CONSENT ORDER)

24-SEP-2010 		SAT: IMPUGNED ORDER DATED 18/11/2009 SET ASIDE AS APPELLANT HAS PAID RS.32,00,000 TOWARDS SETTLEMENT CHARGES AND RS.1,50,000 TOWARDS LEGAL EXPENSES, AS PER CONSENT ORDER
The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column.

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